Footwear retailer Khadim India Limited has notified the exchanges that it will launch its initial public offering (IPO) in November 2017. The company has notified that its IPO will be open from 02 November 2017 to 06 November 2017. Kolkata-based Khadim India plans to raise Rs. 543 crore from the markets. The company has set a price range of Rs. 745 to Rs. 750 per share for its IPO. The valuation of the company will be between Rs. 1,288- Rs. 1,297 crore on the basis of the price band fixed by the company.
Investors who are applying or who intend to apply for the Khadim India Limited IPO must download the Khadim India DRHP. The Draft Red Herring Prospectus of Khadims IPO can be seen below.
The Khadim India IPO comprised a fresh issue of equity shares aggregating Rs. 54 crore and an offer-for-sale of up to 65,74000 shares by the existing private equity partner Fairwinds Private Equity (formerly Reliance Equity Advisors). Khadim India’s Promoter Siddhartha Roy Burman plans to sell 722,000 shares and Fairwinds Private Equity will sell 5,850,000 shares. Fairwinds, which currently holds 33% stake, invested Rs. 90 crore in 2013.
Investors should check the given section of our website to get more details about the IPO Price band, dates, IPO Subscription, Rating, reviews, Khadims IPO Allotment Status, Khadim India IPO Grey Market price and premium, Listing date and more. Investors can share their views and comments about the Khadims IPO at the given section.
- 1 Khadim India IPO
- 2 Khadim India IPO, Date, Price, Subscription, Allotment Status, Grey Market, GMP, Listing Date
Khadim India IPO
About the company: Khadim India Limited is the second largest footwear retailer in India in terms of the number of stores. The company is based in Kolkata, West Bengal and it was founded in 1981. The company sells its product under the Khadim’s’ brand name. The company has a strong presence in East India and it is one of the top players in the South India.
The company operates through 829 ‘Khadim’s’ branded exclusive retail stores across 23 states and one union territory in India. Khadim India has a strong network of 357 distributors across India.
Company Promotors: Siddhartha Roy Burmanand Knightsville Private Limited
Grey Market Price, GMP Rates, Premium
|12 November 2017||Seller||Seller|
Khadim India IPO, Date, Price, Subscription, Allotment Status, Grey Market, GMP, Listing Date
|Name||Khadim India Limited|
|Open Date||02 November 2017|
|Close Date||06 November 2017|
|Allotment Date||12 November 2017|
|Refund Date||12 November 2017|
|Listing Date||14 November 2017|
|Issue Price||Rs 745 - Rs 750 Per Equity Share|
|Lot Size||20 Shares|
|Minimum Order Quantity||20 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||Initial Public offer of Fresh issue of Rs. 10 Up to Rs. 50 Crores and offer for sale Up to 6,574,093 Equity Shares (including anchor portion of 2,172,227 Equity Shares)|
|Lead Manager||Axis Capital Limited and IDFC Bank Limited|
|Registrar||Link Intime India Private Limited|
|Registrar Email||[email protected]|
|Listing at||NSE / BSE|
Khadim IPO Price Band
The company expects to raise Rs. 543 crore, with the Khadim India fixing a price band of Rs. 745- Rs. 750 for a share of Rs 10 face value giving it a price-earning (PE) multiple of 43.7. The price band of the IPO implies that floor price is 74.5 times and cap price is 75 times of the face value.
The company had raised Rs. 157.5 crore by selling its shares to 13 institutional investors at Rs. 750 apiece as part of its anchor book allocation.
The IPO of Khadim India will be open for the subscription from 02nd November 2017. The issue will close on November 6, 2017.
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|Date||Total Revenue||Total Expenses||Profit after Tax|
|31 March 2017||Rs. 625.5||Rs. 584.8||Rs. 30.8|
|31 March 2016||Rs. 538.8||Rs. 513||Rs. 25.2|
|31 March 2015||Rs. 465.7||Rs. 484.8||Rs. -18.7|
|31 March 2014||Rs. 483.1||Rs. 464.8||Rs. 12.1|
|31 March 2013||Rs. 425.7||Rs. 412.2||Rs. 8.9|
|**(All Figures in Rs. Crores)|
- Earnings Per Share (EPS): Rs. 17.78
- Price/Earnings (P/E) ratio: 41.90 – 42.18
- Return on Net Worth (RONW): 16.61%
- Net Asset Value (NAV): Rs. 107.04 per share
Khadim India IPO Daily Subscription Figures
|Category||SHARES OFFERED||02 November 2017||03 November 2017||06 November 2017|
IDFC Bank Ltd and Axis Capital Ltd are managing the Khadim share sale.
Link Intime India Private Limited is the registrar to the Khadim India Limited IPO.
Khadim India IPO Allotment Status
It is expected that the IPO Allotment Status of Khadim India will be available online at the Link Intime website on or around 13 November 2017. The exact date will be notified here in due course.
Khadims India IPO Listing Date
Update: The listing date of Khadim India IPO is 14 November 2017. The precise date will be given here.